Tuesday, November 17, 2015

Obamacare premiums and tax penalties still shock many individuals, small businesses and some companies and co-ops fail

In today’s world, rants about Obamacare or, for that matter, gay marriage seem myopic and rather a product of a “chickenman in the sand”.  But Monday Tom Howell, Jr. had front page story in the Washington Times about the failure of health care co-ops, especially in New York, under the program, leaving policyholders to fend for themselves again with much more expensive policies, here.

Various conservative sites report families spending over half their income on premiums after older plans that didn’t meet the law were scrapped.

Obamacare is also forcing some Americans sometimes to return a premium subsidy, or an “Obamacare tax penalty”, as the normally CNN Money site explains here.

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